Everything Else

Do you want to get your rental units returned in good order with little or no work required on your part? This will help your bottom line and help keep more dollars in your pocket.

Before your tenant moves in you should give them a checklist and write down everything they see that is wrong or damaged in the rental unit. After returning the list to you put it in their file. Use it when you walk thru with them as they move out. If you find problems with them as they are moving out then give them an opportunity to do the repair (provided it does not interfere with your move in of the next tenant.

It seems that recently I have spoken to many students who are unsettled about their success, or “lack of a deal.” I remind them of a couple of things, and thought it might be prudent to post something similar. As much as I would like to say that RE investing is like the story of the Elves and the Shoemaker it’s not. Some may not be familiar, so allow me to summarize. The shoemaker had a lot of shoes to make and repair and had to make a special pair for the king. He couldn’t do it all himself and was working long into the wee hours of the morning. He fell asleep while working, unable to keep his eyes open any longer. Some helpful elves came in and completed the task while he slept. The next morning the shoes were done, shop was clean, his patrons and the king were well pleased.

On the First Day of Christmas
My Realtor sent to me
A Probate Property with Pear Trees!

On the Second Day of Christmas
My Realtor sent to me
2 Estate Sales...

On the Third Day of Christmas
My Realtor sent to me
3 Foreclosures...

On the Fourth Day of Christmas
My Realtor sent to me
4 Calling Contractors...

On the Fifth Day of Christmas
My Realtor sent to me
5 Golden Books! - Totally Fulfilled, Be A Real Estate Millionaire, Profit from Real Estate Right Now and Your Town Your Real Estate Profits and 30 Days to Real Estate Cash………...

On the Sixth Day of Christmas
My Realtor sent to me
6 Multi-Plex Deals just a laying...

On the Seventh Day of Christmas
My Realtor sent to me
7 Short Sales a Sinking...

On the Eighth Day of Christmas

A good title company can make your life easier.

I have a lot of respect for title companies. I have found them to be very reliable through the years. They do a great job of getting the papers ready for closing and getting needed research done. The requirements for a title company are very strict in most states. Because of that there are very few errors committed by title companies.

Most title companies will not rush a deal just to make people happy. They know and understand the need to get things right. Remember this the next time someone blames the title company. Remember, they are simply protecting all involved.

Use proptrend or your real estate agent to get a list of all the cash buyers names and addresses of all LLC’s, LP’s or Inc’s that purchased properties with cash and then use google.com/ to put in the business name and city and state to get contact info or you can use you use bizapedia.com and peoplefinder.com to get their phone numbers.

With only a 2-5% response rate to mailers and a 50% response rate to calls made to businesses that purchased properties with cash in the last 6 months, the cost of a $15 1 month membership to peoplefinder.com will be cheaper and more efficient that licking stamps!

Cheers,

D

Real estate investing is not just a local endeavor. Many investors branch out into other markets, sometimes far from their base of operations. Current trends should be carefully watched, as they can give you a whole new perspective on the best markets for investors. The financial and legal economic services sectors are giving way to growth in the energy and technology sectors. This is changing the areas into which people are moving for employment.

Each day I continue to recieve requests for help in this area. If you are new and needing a little direction then read and email me and I will get you this info.

What I would like to talk to you about today is building a buyer's list. Our buyer's list is the foundation of our wholesaling business. If we think of other businesses, our buyer's list is our customer list. If we are to grow and thrive we must have a strong buyer's list.

Understand that there are dozens and dozens of ways to build a buyer's list. The key is finding something that works and then doing it over and over again.

Let's talk about some proven methods that work in many areas. These are things you can do today to get your phone ringing.

ITS A DECEMBER TO REMEMBER!!!........................

No, this is not another holiday commercial for that luxury car we see advertised every December to Remember! This is a wake up call for everyone that wants to make it a December to Remember for their real estate business! Yes your business, your goals your dreams, your time to make it happen.

OK, we have been busy all year and it is now December 1st. OUCH! where did the year go? As we get a little older, we do get wiser, but it often seems as though that clock of life speeds up. Why does time go so fast the older we get?

Can anyone tell me on how to find a cash buyer/investor for a commercial class A office building? Search terms on google? Thanks

A friend of mine had a rental house in Atlanta that she bought for $120,000 but with the RE bust, is now worth $20,000. She couldn't keep it rented because it was in a bad neighborhood. She sent the keys back to the bank. That was 1-2 years ago. No foreclosure. It recently got sold at a tax auction.

Last week she just got a phone call from a collection agency. They supposidly bought the mortgage - now $102,000. They want payment. The also said if she would work with them, she would only have to pay $20,000 otherwise they will garnish her wages.

Is this for real? Is this legal? Are banks really doing this?